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Pump-and-Dump Schemes: Crypto fraudsters made $240m by artificially inflating Ethereum tokens #CryptoFraud #MarketManipulation #PumpAndDump #Cryptocurrency #Ethereum

Blockchain analysis firm Chainalysis reveals that market manipulators may have made over $240m by inflating the value of Ethereum tokens #MarketManipulation #EthereumTokens #CryptoProfits

Less than 14% of all tokens launched on Ethereum achieved more than $300 of DEX liquidity in a month, suggesting fraudulent activity linked to pump-and-dump schemes #MarketManipulation #FraudulentTokens #PumpAndDump

Chainalysis identifies tokens meeting criteria for pump-and-dump schemes, including market traction, liquidity removal, and market collapse, affecting 24% of Ethereum tokens and 54% listed on a DEX #MarketManipulation #PumpAndDumpSchemes #TokenFraud

While market manipulation produced an average profit of $2600 per token, Chainalysis warns that these schemes undermine the overall crypto market and calls for safer markets with increased transparency #CryptoMarket #SaferMarkets #IncreasedTransparency

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